NCI latest disclosure: In the first four months of 2025, the company accumulated original insurance premium income of 85.379 billion yuan, a year-on-year increase of 27%.
This announcement further explains that the company has enriched its product system, fully transformed its products, with rapid growth in first-year premium income and continuous improvement in business quality contributing to the sustained growth of the company's value, and the endogenous driving force for reform and development has further strengthened.
NCI pointed out in the announcement: The above original insurance premium income data has not been audited.
In fact, behind the increase in the above data is the &#34;good start&#34; of this insurance company.
<h2>Good Start</h2>
According to the announcement, NCI's accumulated original insurance premium income from January 1, 2025, to April 30, 2025, was 85.379 billion yuan, a year-on-year increase of 27%.
&#34;Original insurance premium income&#34; refers to the premium income generated from insurance contracts directly signed between the insurance company and the policyholders.
In simple terms, if you buy car insurance, health insurance, or life insurance, the premium you pay belongs to &#34;original insurance premium income.&#34; This money is the source of funds for the insurance company to pay for potential future claims and provide protection.
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As shown in the above chart, NCI's original premium income gradually increased month by month in 2024, and the start of 2025 is better than the same period in 2024.
<h2>Doubling of Long-term Insurance Income</h2>
The above trend has already been reflected in NCI's first quarter report for 2025.
It recorded: In the first quarter of 2025, the company achieved original insurance premium income of 73.218 billion yuan, a year-on-year increase of 28.0%; the first-year premium for long-term insurance was 27.236 billion yuan, a year-on-year increase of 149.6%.
Among them, the first-year regular premium for long-term insurance was 19.471 billion yuan, a year-on-year increase of 117.3%; the first-year lump-sum premium income for long-term insurance was 7.765 billion yuan, a year-on-year increase of 298.4%. In the first quarter, the company's surrender rate was 0.5%, the same as the same period last year; the continuation rates for individual life insurance business at 13 months and 25 months increased year-on-year.
It should be noted that NCI's latest announcement on original premium income (January-April) only mentioned the overall situation and did not disclose specific data for long-term and short-term insurance.
<h2>Increase in Sales Team</h2>
Regarding the above &#34;good start&#34; performance, there are usually seasonal factors.
For example: At the beginning of the year (especially in the first quarter), some individuals consider their insurance needs, such as purchasing life insurance or health insurance for themselves or their families to cope with potential risks, thus becoming a peak season for insurance sales.
In addition, NCI's sales channels have further expanded.
A review of the announcement reveals that this listed insurance company is accelerating the construction of its channel team.
Taking the first quarter of 2025 as an example, the average monthly performance of individual insurance channels achieved double-digit growth year-on-year, and the average premium per person for high-performing personnel doubled year-on-year
It is worth mentioning that the sales of insurance products are usually conducted through individual insurance channels (insurance companies sell to individual clients through personal sales agents or brokers), bank insurance channels (products sold through bank channels), and group channels (sales aimed at corporate and organizational clients).
ZhiShiTang noted that in the first quarter of this year, NCI's bank insurance channel showed significant strength, achieving a year-on-year premium income growth of 70% through this channel

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Long-term insurance income becomes key

- In the first four months of 2025, Xinhua Insurance reported a total original insurance premium income of 85.379 billion yuan, marking a 27% year-on-year increase.  
- The growth is attributed to an enriched product system, rapid growth in first-year premiums, and improved business quality, although the data remains unaudited.  
- Additionally, the company expanded its sales channels, with significant growth in individual and bank insurance sales, contributing to a strong start in 2025.

Premium income "good start," NCI's original premium income increased by 27% in the first four months